An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.

Transitions are difficult for any class of software, but fixed asset management programs have had more than their fair share of adjustments in the past few years.What began as a simple spreadsheet ...

It's not that Uncle Sam does not want your clients to deduct those big-ticket items that are critical to running almost any business. The less cynical among us would nod and agree with the Internal ...

Capitalizing a fixed asset refers to the accounting treatment reserved for the purchase of items to be used in the operation of the business. The process entails recording the purchase as an asset ...

Fixed assets, also known as property, plant and equipment, are usually expensive items that last long term, such as real estate, heavy equipment and furniture. Accountants in charge of this area of a ...

Netgain, the company empowering accounting teams to eliminate broken and inefficient operations and reclaim valuable time, is announcing that NetAsset—its fixed asset management software—is now ...

Fixed assets are items that are for long-term use, generallyfive years or more. They are not bought and sold in the normalcourse of business operation. Fixed assets include vehicles, land,buildings, ...

In the burgeoning age of technological innovation, the role of robotics has become increasingly pivotal across diverse industries. The advent of robotics has not only revolutionized operational ...

DENVER, March 12, 2020 /PRNewswire/ -- Netgain, an advanced accounting application developer, is announcing an arrangement with RSM US LLP ("RSM") – the leading provider of audit, tax and consulting ...

John Parker is a business writer with 20+ years of experience as a business executive specializing in accounting and finance. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society ...

In the program "1C:Accounting 8" since version 3.0.131.34, the ability to take into account accumulated impairment in a one-time adjustment of the cost of fixed assets when switching to FSB 6/2020 ...

The question of how to account for digital assets has emerged as a challenging one for accountants as use of these assets becomes increasingly common. Although accounting for exchange-traded digital ...